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Veterans to get more this year

The Veterans Register now stands at over 24,000  after the Ministry of  Veterans Affairs added almost 2000 new names to the list last year. The Ministry of Veteran Affairs this week held a press briefing at which they announced their achievements for last year as well as their plans for the year 2013.
Speaking at the briefing Hon. Minister Nicky Iyambo said that 2012 was a good year for the ministry as they achieved a lot. Last year the ministry registered 1,872 veterans bringing the total number of registered veterans to 24,457. It established a digital archive for the ministry, conducted medical and social assessments on more than 1000 veterans of which 600 underwent medical examinations and they also introduced the new Veterans Registration and Payment System and the Veterans Fund Payment System.
Last year a feasibility study was conducted in the Khomas region to document trauma on veterans of the bush war. The study indicated that there are many people that need counselling. Iyambo stated that the ministry will look for space in their budget to carry out a Psycho and Social Counselling Programme.
This year the ministry plans to build thirty houses for veterans throughout the country, to review the ministry’s Strategic Plan, it’s Annual Work Plans and Performance, to have a Computerised Asset Register and to introduce a system for quarterly verification of the existence of veterans.
Iyambo also said that the ministry’s other plans include the continuation of registration of veterans and the programmes under the social assistance, the completion of the erection of the King Ipumbu Ya TshilongoMonument in the Omusati region which will cost more than N$18 million and will be funded by the ministry, the National Heritage Centre as well as other stakeholders.
In November 2012, construction on the Etaka Veterans Recreational Centre started.

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Following reverse listing, public can now acquire shareholding in Paratus Namibia


20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.